ARGWINGS KODHEK HIGH SCHOOL

BUSINESS STUDIES
FORM ONE (1)
END TERM (II) 2024
Time - 2 HOURS

Name …………………………………………….……… Admission Number …………….

Candidate’s Signature ………………….…...……….. Date ……………………………

INSTRUCTIONS TO CANDIDATES

a) Write your name and Admission number in the spaces provided above.
b) Write the date of examination in the spaces provided above.
c) Answer ALL the questions.
d) ALL answers must be written in the spaces provided in this booklet.

FOR EXAMINER’S USE ONLY

Question 1 2 3 4 5 6 7 8 9 10 11 12 13

Marks

Question 14 15 16 17 18 19 20 TOTAL

Marks

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1. State the term given to each of the following statements as used in business studies.
(4mks)

Statement Term
a) Movement of goods and services from producers to consumers
b) Creation of goods and services
c) Using a good or service
d) Satisfaction derived from using a good or service.

2. Give four sources of business ideas. (4mks)

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3. State 4 Items that are stated in a business plan. (4mks)

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4. Outline four characteristics of economic resources. (4mks)

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5. State four factors of production giving a reward for each. (4mks)

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6. Identify the external environmental factors affecting business operations as described

by the following. (4 marks)
Statement Factor

a) Law and policies that regulate business

activities.
b) Affects buyer’s ability to buy
commodities offered by a business.
c) Firms selling similar products trying to
outdo each other.
d) Dictates how people live and what
products they consume.

7. State four aids to trade. (4mks)

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8. Outline four characteristics of direct production. (4mks)

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9. Highlight four significance of entrepreneurship to the economy. (4 mks)
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10. Identify four characteristics of land as a factor of production. (4 marks)

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11. Identify four characteristics of economic resources (4mks)

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12. State four importance of business studies to you as a student. (4 mks)

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13. Identify the component of business studies described below. (4 marks)

Description Component

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a) Human activities that assist trade to take place

b) A clear orderly way of recording business activities

for easier decision making.
c) Activities such as communication, filing, and
reproduction of documents carried out in an office
d) Understanding how human being attempt to meet
their endless wants from very scarce materials

14. Highlight four benefits of a business plan to an entrepreneur. (4mks)

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15. Highlight four difficulties faced in satisfaction of human wants. (4 marks)

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16. Outline four factors that may lead to the success of a business enterprise. (4mks)

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17. Give four reasons why shelter is a basic human want. (4mks)

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18. State the level of production that matches the following occupations (4mks)

Occupation Level of production

a. Carpentry

b. Lumbering

c. Fishing

d. Banking

19. State the best type of machine one would use to perform the following tasks. (4 marks)

Functions Type of machine

(a) To fold documents put them in an envelope and seal them

(b) To destroy sensitive but unwanted documents

(c) To make exam copies of a certain original document

(d) To trim papers to the required sizes

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20. Identify the type of utility created by following activities.
Transporting Cargo to the market..........................................
Keeping Silos...................................................................
Student buying biscuits from the school canteen.................................
Storekeeping.........................................

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